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Cross Asset Strategy

<ul><li>Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings Ltd., according to people close to PSA’s controlling shareholder Temasek Holdings.</li><li>PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. </li><li>The port operator bought its 20% CK Hutchison stake in 2006 for $4.4 billion.</li></ul>

Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings Ltd., according to people close to PSA’s controlling shareholder Temasek Holdings.PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. The port operator bought its 20% CK Hutchison stake in 2006 for $4.4 billion.

Singapore Mulls Dumping 20% Stake in CK Hutchison’s Port Business